City of Pikeville Exposition Center Corporation

Analysis

City of Pikeville Exposition Center Corporation is a registered charity in United States, based in Pikeville, KY. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, City of Pikeville Exposition Center Corporation reported income of $7.1m and spending of $7.2m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $7.1m (+270%), an average of +39% a year. The sharpest change came in the year to June 2022, when income rose by 128%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, City of Pikeville Exposition Center Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within KY. Charities of a similar size with the same main cause include Beer Hagolah Institutes Inc ($7.1m), Etowah-Dekalb-Cherokee Mental Health Board Incorporated ($7.1m) and Maryland Philanthropy Network Inc ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 55% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $2.1m against liabilities of $1.6m, net assets of $464k. It reported 189 employees.